Salem 1 & 2

Basic Facts:

  • Location: Lower Alloways Creek, New Jersey
  • Owner: Exelon (43%) PSEG (57%)
  • Operator: PSEG
  • Construction Cost: $5.2B (2018$)
  • Plant Output: 2,300 MW (Combined)
  • Property Size: 700 acres
  • Status: At Risk of Closure
  • Employees: 900
  • Expected Shut Down Date: Unit 1 (2036), Unit 2 (2040)
  • Current DTF Balance: $1.2B (2018$)
  • DTF Balance Prior to Decommissioning: $2.0B (2018$)
  • Decommissioning Cost Estimate: $1.0 (2018$)
  • Spent Nuclear Fuel on Site: 1,459 metric tons
Salem 1 & 2 Photo

Background

The Salem nuclear power station consists of two pressurized water reactors. Construction began in 1968 (Units 1 & 2) with licensed operations commencing in 1977 and 1981 respectively.

In 2003 (Unit 1) and 2011 (Unit 2), the Nuclear Regulatory Commission granted Salem a twenty-year operating license for both units. Their licensed operational life extends to 2036 and 2040 respectively.

Socioeconomics

The Salem nuclear power plant is located within Salem County, New Jersey. As of 2016, socioeconomic information is as follows:

  • Population: 63,000
  • Per Capita Annual Income: $47,000
  • Unemployment rate (not seasonally adjusted): 5.1%

Contact Information

Economic Development Administration Representative:

  • Edward Hummel, Philadelphia Regional Office, t: (215) 316-2124, e: ehummel@eda.gov

Economic Development District

Nuclear Regulatory Commission

Unless specific costing information has been provided, decommissioning costs were derived from 2017 Decommissioning Funding Status Report.
Information herein obtained from public sources. Corrections are welcome and may be directed to info@decommissioningcollaborative.org.

Additional Information

New Jersey approves up to $300M in annual nuclear plant subsidies, despite profitability claims

April 25, 2019

New Jersey approves $300 million in nuclear subsidies; PSEG had threatened to close reactors

April 19, 2019

Another Expert Casts Doubt on Need For NJ To Subsidize Nuclear Plants

February 11, 2019

Ratepayer counsel says PSEG doesn’t need subsidies to keep nuke plants open

February 3, 2019

PSEG: Without subsidies, 3 Salem County nuclear plants will close

January 24, 2019

PSEG Drives Home Vow to Shutter Nuclear Plants Unless Public Subsidizes Them

January 23, 2019

PSEG says it will close its nuclear power plants unless lawmakers agree to raise bills

December 19, 2018

Nuclear subsidy program given green light by BPU

December 19, 2018

(802) 345-7044

info@decommissioningcollaborative.org

Connect

Blog

Contact

Download our

free report

Discover tools and information for improving project outcomes and
catalyzing economic recovery

Scroll to Top